Thursday 26 August 2021

Feds Kaplan scheduled to speak at 10:30 AM ET

Kaplan is a voting member in 2023

Feds Kaplan is expected to speak at 10:30 AM ET.  Last week (August 20) Kaplan shifted his stance a bit due to the Delta variant. 
Fed's Kaplan on Fox Business
  • The big "imponderable" is path of Delta virus.
  • So far the Delta virus has not had a material effect on mobility
  • Delta virus is limiting production output and slowing return to office
  • will be watching it Delta carefully
  • if Delta is having a more negative effect on GDP growth could cause me to adjust my views
  • a big economic variable is how quickly to get people vaccinated; right now in a negative trend as far as spread of Delta virus
That is in contrast to comments he made on August 11 when he was more hawkish. 



August 27, 2021 at 02:25AM

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